Max Estates Shares Rise 3% On Rs 4,100-Crore Pre Sales of Estate 360 Project
In early trade on September 30, shares of Max Estates Limited increased by more than 3 percent to Rs 627, on the news of robust pre-sales for its Gurugram property, Estate 360. The real estate developer exceeded its FY25 projection of Rs 4,000 crore with a pre-sales booking value of almost Rs 4,100 crore.
According to a regulatory filing made earlier today, Max Estates revised its gross development value target for Estate 360 to Rs 4,800 crore for FY25 after the company received Rs 400 crore from the project.
The strong reaction follows the residential project’s August 2024 launch by Max Estates, which was the company’s maiden venture into the Gurugram market. Having successfully launched Estate 128 in Noida before, the success solidifies Max Estates’ position in the NCR real estate market.
